Yeaman Company manufactures luggage sets. Yeaman sells its luggage sets to department stores. Yeaman expects to sell 1 comma 850 luggage sets for $ 345 each in January and 2 comma 250 luggage sets for $ 345 each in February. All sales are cash only. Prepare the sales budget for January and February.

Question

Business

Vance Williams

14 April, 02:23

Yeaman Company manufactures luggage sets. Yeaman sells its luggage sets to department stores. Yeaman expects to sell 1 comma 850 luggage sets for $ 345 each in January and 2 comma 250 luggage sets for $ 345 each in February. All sales are cash only. Prepare the sales budget for January and February.

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Marina Cummings · Answer 1

Answer and Explanation:

The preparation of the sales budget for the month of Jan and Feb is presented below:

Particulars January February

Budgeted luggage sets to be sold 1,850 2,250

Sales price per unit $345 $345

Total sales $638,250 $776,250

By multiply the luggage sets with the sales price per unit we can get the total sales and the same is shown above